4 Room (4I) HDB for Rent in 63 Marine Drive

The HDB 4 Room property located in Marine Parade, with a remaining lease of 49 years, presents a valuation of approximately $464,191, translating to a price per square foot (PSF) of $516. This valuation reflects a market price that is aligned with the baseline, indicating a neutral market sentiment with no discernible upward or downward pressure on pricing. Such stability in price suggests that while the property may be appealing, it is currently operating within a cautious market environment.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating potential variability in the estimated value. This uncertainty is further emphasized by an analysis of three recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market dynamics at play. The remaining lease period of 49 years can also be a critical factor, influencing buyer perceptions and future resale potential. As the property ages, considerations surrounding lease decay may become increasingly prominent, necessitating a thorough understanding of the nuances of the Marine Parade market and the specific attributes of this HDB unit.